Can I retire at age 66 with 1,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$148,642$147,318$146,027$144,766$143,535$138,718
2 years$73,585$72,215$70,887$69,599$68,350$63,545
3 years$48,570$47,193$45,868$44,593$43,364$38,721
4 years$36,064$34,692$33,380$32,127$30,928$26,483
5 years$28,563$27,199$25,905$24,676$23,511$19,275
6 years$23,564$22,210$20,935$19,734$18,603$14,581
7 years$19,994$18,652$17,397$16,224$15,129$11,320
8 years$17,318$15,988$14,754$13,610$12,551$8,951
9 years$15,238$13,921$12,708$11,593$10,570$7,175
10 years$13,575$12,270$11,079$9,993$9,006$5,811
11 years$12,215$10,924$9,754$8,697$7,746$4,744
12 years$11,083$9,804$8,656$7,628$6,712$3,898
13 years$10,125$8,860$7,734$6,735$5,853$3,218
14 years$9,305$8,054$6,949$5,978$5,131$2,668
15 years$8,595$7,357$6,274$5,332$4,518$2,219
16 years$7,975$6,750$5,688$4,774$3,993$1,851
17 years$7,428$6,217$5,176$4,289$3,540$1,547
18 years$6,942$5,744$4,725$3,866$3,148$1,296
19 years$6,508$5,324$4,325$3,493$2,806$1,087
20 years$6,118$4,947$3,970$3,163$2,506$912
21 years$5,765$4,608$3,651$2,871$2,243$767
22 years$5,445$4,302$3,365$2,610$2,010$645
23 years$5,153$4,023$3,107$2,377$1,804$543
24 years$4,886$3,769$2,874$2,168$1,622$458
25 years$4,641$3,537$2,662$1,980$1,459$386
26 years$4,415$3,325$2,468$1,811$1,315$325
27 years$4,206$3,129$2,292$1,657$1,185$275
28 years$4,012$2,948$2,131$1,518$1,069$232
29 years$3,832$2,781$1,983$1,392$966$196
30 years$3,664$2,627$1,847$1,278$873$165
31 years$3,507$2,483$1,722$1,174$789$139
32 years$3,361$2,350$1,607$1,079$714$118
33 years$3,224$2,225$1,500$992$646$99
34 years$3,095$2,109$1,402$913$585$84
35 years$2,973$2,000$1,310$840$530$71
36 years$2,859$1,898$1,226$774$480$60
37 years$2,751$1,803$1,147$713$435$51
38 years$2,649$1,714$1,074$657$394$43
39 years$2,552$1,629$1,007$606$358$36
40 years$2,461$1,550$944$559$324$31
41 years$2,374$1,476$885$516$294$26
42 years$2,292$1,405$830$476$267$22
43 years$2,213$1,339$779$439$242$18
44 years$2,139$1,276$731$406$220$16
45 years$2,068$1,217$686$375$200$13
46 years$2,000$1,161$645$346$181$11
47 years$1,935$1,108$606$320$165$9
48 years$1,873$1,058$569$295$149$8
49 years$1,814$1,010$535$273$136$7
50 years$1,757$965$503$252$123$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $1,800,000, adding $4,305 every year, while hoping to spend $33,245 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 82/8/10 Blend
65$1,800,000$1,800,000$1,800,000$1,800,000
66$1,988,041$1,892,641$1,864,741$2,147,621
67$2,155,448$1,950,008$1,891,837$2,310,131
68$2,338,817$2,009,071$1,918,727$2,483,668
69$2,539,741$2,069,880$1,945,368$2,673,191
70$2,759,973$2,132,482$1,971,717$2,880,286
71$3,001,446$2,196,930$1,997,725$3,106,698
72$3,266,287$2,263,273$2,023,343$3,354,349
73$3,556,842$2,331,567$2,048,518$3,625,357
74$3,875,691$2,401,865$2,073,194$3,922,053
75$4,225,678$2,474,223$2,097,313$4,247,007
76$4,609,935$2,548,698$2,120,811$4,603,045
77$5,031,914$2,625,350$2,143,624$4,993,287
78$5,495,416$2,704,238$2,165,681$5,421,163
79$6,004,627$2,785,425$2,186,911$5,890,457
80$6,564,161$2,868,973$2,207,235$6,405,333
81$7,179,100$2,954,947$2,226,572$6,970,382
82$7,855,043$3,043,414$2,244,837$7,590,659
83$8,598,158$3,134,442$2,261,939$8,271,735
84$9,415,241$3,228,100$2,277,784$9,019,748
85$10,313,778$3,324,460$2,292,273$9,841,457
86$11,302,019$3,423,594$2,305,299$10,744,314
87$12,389,051$3,525,576$2,316,753$11,736,525
88$13,584,889$3,630,485$2,326,520$12,827,133
89$14,900,566$3,738,396$2,334,476$14,026,104
90$16,348,237$3,849,391$2,340,494$15,344,414
91$17,941,296$3,963,550$2,344,440$16,794,161
92$19,694,503$4,080,958$2,346,173$18,388,674
93$21,624,116$4,201,700$2,345,544$20,142,637
94$23,748,055$4,325,862$2,342,399$22,072,235
95$26,086,061$4,453,534$2,336,574$24,195,297
96$28,659,889$4,584,806$2,327,898$26,531,472
97$31,493,508$4,719,772$2,316,193$29,102,409
98$34,613,331$4,858,526$2,301,271$31,931,965
99$38,048,462$5,001,165$2,282,935$35,046,427
100$41,830,970$5,147,787$2,260,978$38,474,761